Q: Hi Peter, Ryan, and Team,
My wife needs to convert her RRSP to a RRIF. She presently holds BAD (still up 82%) and SIS (presently down 17%). We're considering selling BAD and buying more SIS in order to reduce the number of holdings and to be able to replace a stock that appears to be on a downward trajectory (BAD) with one that seems to have gained momentum (SIS). Please comment on this strategy, and thanks in advance.
My wife needs to convert her RRSP to a RRIF. She presently holds BAD (still up 82%) and SIS (presently down 17%). We're considering selling BAD and buying more SIS in order to reduce the number of holdings and to be able to replace a stock that appears to be on a downward trajectory (BAD) with one that seems to have gained momentum (SIS). Please comment on this strategy, and thanks in advance.